mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@johnrj1226 wrote:Only if you don't want to receive funds from your sales within a reasonable time frame that is spelled out to a seller from day one.
Here is what eBay says - as is said - You can't fight City Hall (or eBay it is their sand box you are playing in).
Confirming your identity
To sell on eBay, we'll need to confirm your identity at registration. We may also need to confirm your identity at other times. If you’re a Registered Business seller, we’ll need to confirm information about your business, as well as any beneficial owners, officers, directors, or account managers.
Individual sellers (one person or a married couple) will need to provide:
- Full name
- Address
- Date of birth
- Social Security Number (SSN)
You talk as if Ebay has a choice, which is totally and completely incorrect. They are required by FEDERAL Law to collect certain information from sellers so they can verify their ID now that they [Ebay] is a money processor. So please don't try to make it seem something that it is not. It isn't "City Hall", it is the Federal Government. In my previous post I provided a link to one of the laws in which apply. If you'd like I can give a link to the Anti Money Laundering law as well, just let me know.
@toysaver wrote:Welcome to the real world of the 21st century. EBay sales are reported to the IRS. This prevents everyday poor Americans from not paying their fair share of income taxes. Most countries have or will have similar requirements and want to know who is making money and how much so they can get a cut.
When they hit a certain threshold, yes. The requirements of the 1099K. But the bigger reason for the verification of identity is the requirements Ebay now faces as a money processor to the Anti Money Laundering law and FDIC law for how to verify the identity of the person.
the term "You can't fight city hall" has been around since Hector was a pup. And its meaning is you can't fight the government whether it be the city hall or feds. Have been to at least 3 County Fairs, One State Prison Championship Rodeo in Huntsville, Texas and a goat roping contest in my almost 8 decades on this planet - lived in 5 states withe 21 different mail addresses since 1967 (graduated college year) - won't tell you how many states I have visited at least 2 time or countries have visited - 1 visited for 4.5 years on a regular basis
